Located in South Australia within the Copper Coast local government area, Wallaroo is a compact suburb (postcode 5556). It is home to about 3,699 residents, with an older demographic and a median age of 57. Households earn a median income of $46K per year, with an average household size of 2.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. SA employment has moved +2.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. SA also had 23 Commonwealth-backed major projects under construction, 2 underway, and 11 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are community & personal service, labourers, technicians & trades. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are Australian, English, Scottish.
Units have a median price of $325,000 (+6.6% YoY). The current median weekly rent is $535. This gives a gross rental yield of approximately 8.6%. The median monthly mortgage repayment is $1,169.
Wallaroo is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 916, which is below the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Copper Coast LGA is moderate at 7,191 incidents per 100,000 population.
Looking at the investment signals, Wallaroo shows a gross rental yield of approximately 8.6%, rated as high yield. Property prices sit below the state median ($325K/$950K), which can point to relative value. The price-to-income ratio of 7.0x is considered moderate. House prices have moved +6.6% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.